Recreational Off-Highway Vehicles Market Report Shares Future Opportunities, Demand Analysis and Outlook to 2028

Fact.MR has adopted multi-disciplinary approach to shed light on the evolution of the global recreational Off-highway vehicles market during the historical period of 2012 – 2017. The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year of 2028, and key prospects over the forecast period 2018 – 2028.

Growing spending on outdoor recreation, especially among millennials, continues to be a driving force for the off-highway recreational vehicles market, finds a new research study by Fact.MR. The market is likely to grow at a CAGR of nearly 16% through 2028, as a growing demographic of outdoor enthusiasts drives demand. The bullishness in the market can be offset by regulatory pressures concerning the threat to environment and rural communities.

The report finds that off-highway recreational vehicles market has also been negatively impacted by product recalls and notable faults in prominent brands. The US$ 27.25 million civil penalty on Polaris Industries for failure to notify the United States Consumer Product Safety Commission (CPSC), and American Honda’s decision to recall nearly 65,000 recreational off-highway vehicles due to fire and burn hazard have led to a significant dent in consumer confidence.

The increasing spate of product recalls and performance issues can create impediments to growth, finds the study. The report also finds that off-highway recreational vehicles landscape is tightly regulated in European Union, with Greenhouse Gas Reporting Program (GHGRP) having a major influence on product launches.

After reading the recreational Off-highway vehicles market report, readers get insight into:

  • Major drivers and restraining factors, opportunities and challenges, and the competitive landscape
  • New, promising avenues in key regions
  • New revenue streams for all players in emerging markets
  • Focus and changing role of various regulatory agencies in bolstering new opportunities in various regions
  • Demand and uptake patterns in key industries of the recreational Off-highway vehicles market
  • New research and development projects in new technologies in key regional markets
  • Changing revenue share and size of key product segments during the forecast period
  • Technologies and business models with disruptive potential

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The recreational Off-highway vehicles market report offers assessment of prevailing opportunities in various regions and evaluates their shares of revenue by the end of different years of the assessment period. Key regions covered comprise:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico)
  • Europe (U.K., Germany)
  • APEJ (China, India)

The evaluation of the competitive landscape in the recreational Off-highway vehicles market covers the profile of the following top players:

  • Textron Specialized Vehicles Inc.
  • New Holland
  • ODES UTVS
  • Polaris Industries Inc.
  • Yamaha Motor Co., Ltd.
  • KYMCO USA
  • MAHINDRA USA INC
  • Bennche, LLC
  • Bombardier Recreational Products
  • CFMOTO
  • Hisun Motors Corporation
  • American Honda Motor Co., Inc.
  • INTIMIDATOR INC.
  • John Deere
  • Kawasaki Heavy Industries Ltd

The prevailing low crude oil prices have meant that sales of petrol recreational off highway vehicles have remained robust. According to the report, petrol recreational off highway vehicle sales totaled nearly 166 thousand units in 2017 – higher than both diesel and electric variants.

End-users continue to show a marked preference for 4-seater off highway recreational vehicles. 4-seater off highway recreational vehicles will continue to be the top-selling variant, with 2-seater and crew size following suit. On account of this, the market is likely to witness launch of high-power 4-seater petrol variants during the assessment period.

According to the study, off highway recreational vehicles are available in a range of engine displacement capacities – from 400cc to over 900cc. Global off highway recreational vehicle sales continue to remain concentrated in the 750cc segment, whereas over 900cc variants continue to witness sluggishness.

The global recreational Off-highway vehicles market report offers detailed assessments and quantitative evaluations that shed light on numerous key aspects that have shaped its evolution over the historical period. In coming years, some of the key aspects that will shape the growth prospects during the forecast period are objectively covered in the study.

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Some important questions that the recreational Off-highway vehicles market report tries to answer exhaustively are:

  • Key strategic moves by various players in the recreational Off-highway vehicles market in recent years with respect to product launches, deals and tie-ups, and mergers and acquisitions, and divestment of shares.
  • Which strategies will enable top players in the recreational Off-highway vehicles market to expand their geographic footprints?
  • Which new business models are expected to change the course of growth of key regional markets in near future?
  • Which technologies will witness most attractive research investments and what will be the key sources of funding for startups and new entrants?
  • Which products segments have in recent years have seen new, lucrative application areas?

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